Jaime Muguiro Begins Tenure as CEO of Cemex

Today, Jaime Muguiro begins his tenure as CEO of Cemex after being appointed to the position by the company’s Board of Directors on February 10. This appointment is part of a planned leadership transition following former CEO Fernando A. Gonzalez’s decision to retire after a successful career at Cemex.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250401621971/en/

Jaime Muguiro, CEO of Cemex.

"I am honored to take on this role and deeply grateful to our Chairman Rogelio Zambrano and the Board of Directors for their trust, and to Fernando González for his outstanding leadership,” said Jaime Muguiro. “As Cemex's new CEO, I am committed to providing the highest possible returns to our shareholders, which we will achieve by being the best partner to our customers and having a laser-like focus on operational efficiency.”

“This is a pivotal moment in our company’s history. Having achieved our deleveraging objectives and substantially consolidated our operations, we are now well-positioned to transition from financial stabilization to growth, looking primarily at opportunities in the United States, while enhancing shareholder returns and driving sustainable value creation for all stakeholders including our neighboring communities.”

Jaime Muguiro joined Cemex in 1996 and has held several executive positions in Strategic Planning, Business Development, Ready-Mix Concrete, Aggregates, and Human Resources areas. He has headed several regional operations for Cemex, including the Mediterranean, South, Central America, and the Caribbean, most recently as President of Cemex in the United States.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com